Having Just A Little Trouble With Booze
by Clover Ng
@ 28 Feb 2014
Imagine our concern after posting news of a new Singapore Wine Vault, that the new budget plans include hefty taxes on alcohol; an increase of 25%. Will we be able to cope with the price increase as consumers and how will that affect businesses? One example of which is reported in
http://www.straitstimes.com/breaking-news/singapore/story/budget-2014-coffee-shops-likely-charge-least-1-more-beer-bottle-201402 where beer might cost you a dollar more for each bottle at a coffee shop. Here’s a little comparison to demonstrate the differences you will be paying for alcohol (with contribution from Kate Tan of Corney and Barrow).
Calculations below are based on a normal 75cl bottle
|
Alcohol Contents |
Old Duties |
New Duties |
Differences |
|
5 |
$ 2.63 |
$ 3.30 |
$ 0.68 |
|
6 |
$ 3.15 |
$ 3.96 |
$ 0.81 |
|
7 |
$ 3.68 |
$ 4.62 |
$ 0.95 |
|
8 |
$ 4.20 |
$ 5.28 |
$ 1.08 |
|
10 |
$ 5.25 |
$ 6.60 |
$ 1.35 |
|
11 |
$ 5.78 |
$ 7.26 |
$ 1.49 |
|
11.5 |
$ 6.04 |
$ 7.59 |
$ 1.55 |
|
12 |
$ 6.30 |
$ 7.92 |
$ 1.62 |
|
12.5 |
$ 6.56 |
$ 8.25 |
$ 1.69 |
|
13 |
$ 6.83 |
$ 8.58 |
$ 1.76 |
|
13.5 |
$ 7.09 |
$ 8.91 |
$ 1.82 |
|
14 |
$ 7.35 |
$ 9.24 |
$ 1.89 |
|
14.5 |
$ 7.61 |
$ 9.57 |
$ 1.96 |
|
15 |
$ 7.88 |
$ 9.90 |
$ 2.03 |
|
15.5 |
$ 8.14 |
$ 10.23 |
$ 2.09 |
|
16 |
$ 8.40 |
$ 10.56 |
$ 2.16 |
|
17 |
$ 8.93 |
$ 11.22 |
$ 2.30 |
|
18 |
$ 9.45 |
$ 11.88 |
$ 2.43 |
|
19 |
$ 9.98 |
$ 12.54 |
$ 2.57 |
|
20 |
$ 0.50 |
$ 13.20 |
$ 2.70 |
